US-based home search startup Zumper raises $6.5M in Series A funding
Real estate startup Zumper has closed $6.5 million in a Series A funding round led by Kleiner Perkins Caufield & Byers (KPCB). NEA and Dawn Capital were also investors in the round, according to The Real Deal.
VentureBeat said the round brings the startup's total raised capital to $8.2 million. Under the terms of the investment deal, KPCB's Chi-Hua Chien will become a member of Zumper's board of directors, the report added.
The Real Deal cited Zumper Chief Executive Anthemos Georgiades explaining: "We built Zumper to increase the speed and efficiency of the apartment rental process for both renters and real estate professionals, and we spent our first year and a half getting the fundamental user experience right. But we have a much bigger vision, which this funding will help accelerate: to power the apartment rental process from end to end."
Zumper, which was founded in 2012, is a platform where people looking for apartments can fine-tune their search based on location, bedrooms, rental price, and other factors. The site then gives the user a map with available listings, complete with details and photos, VentureBeat explained.